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An NMPF economist reviews the US dairy industry, noting that milk production growth has slowed sharply since summer 2021 after a long period of herd expansion. He cites rising milk solids and butterfat content as farms sought higher returns from fat.
Slowing milk supply growth supports dairy prices and reduces the byproduct feed output tied to dairy processing, a background factor for feed buyers.
agproud.comPeter VitalianoMar 11, 2022After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
